QBE Insurance Group's North America Division Launches Cyber Insurance Product

MT Newswires Live

07/08

QBE Insurance Group's (ASX:QBE) North America division launched QCyber Rapid Pay, an insurance product that aims to provide fast financial support after a covered cyberattack, the company said late Tuesday.

QCyber Rapid Pay is designed to provide "earlier access to liquidity, a more efficient claims process, and a faster recovery path following a covered cyber event," the company said.

The group's shares were marginally higher in recent Wednesday trade and earlier hit their highest since December 2008.

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